Monday, May 12, 2008

The Biofuels Backlash

St. Jude is the patron saint of lost causes, and for 30 years we invoked his name as we opposed ethanol subsidies. So imagine our great, pleasant surprise to see that the world is suddenly awakening to the folly of subsidized biofuels. All it took was a mere global "food crisis." Last week chief economist Joseph Glauber of the USDA, which has been among Big Ethanol's best friends in Washington, blamed biofuels...

[watch how long it takes congress to admit error]

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